Colombo Port Faces Customs Delays, Impacting Sri Lanka Economy

By By Rediff Money Desk, Colombo
Jan 30, 2025 19:18
Sri Lanka's Colombo port is facing months-long delays in customs clearance, impacting imports, exports, and threatening the country's economic recovery.
Photograph: Ilan Rosenberg/Reuters
Colombo, Jan 30 (PTI) The port of Colombo has been experiencing months-long delays in customs clearance of import and export cargo, forcing Sri Lanka's joint trade chambers on Thursday to call for urgent action to bring normalcy.

“The manufacturing sector is struggling with materials delays and exporters are missing ships," a statement said.

They said shipments suffered long delays and caused serious risks to the island nation's economy.

“Further, exporters are facing potential delays with imported inputs, missed shipping opportunities, and increased processing costs, undermining their competitiveness in the global markets and foreign buyer confidence in Sri Lanka," the statement said.

It said ships were bypassing Colombo to more efficient neighbouring ports which could be a permanent shift resulting in lost container volumes.

Several hundreds of import containers are inside the Colombo port and more are queued for days awaiting entry to the port as Sri Lanka Customs inspects containers physically.
Source: PTI
Read More On:
colombo portcustoms clearancesri lanka economyimport exportport delays
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

India's Toy Industry: A Global Export Hub Amid...

With US-China trade tensions, India's toy industry sees a golden opportunity to become...

India to Benefit from Free Trade: Mercedes-Benz...

Mercedes-Benz India MD Santosh Iyer believes India could benefit from the long-term...

Macrotech Developers Acquires Land for Rs...

Macrotech Developers, known for its Lodha brand, acquired 10 land parcels in FY25 to...

India's Coal Import Declines Marginally in...

India's coal import dropped marginally by 1.4% to 240.77 million tonnes in Apr-Feb...

SAEL: Waste-to-Energy Firm Plans IPO in 2024

SAEL, a leading waste-to-energy firm, plans to go public within the next 12 months. The...

Glenmark, Sun Pharma, Zydus Recall Products in US

Glenmark, Sun Pharma, and Zydus are recalling various products in the US due to...

US Trade Uncertainty Impacts Asian Growth: Moody's

Moody's warns that US trade policy uncertainties will undermine business confidence and...

Top 10 Firms Valuation: HUL Leads Gains

Five of India's top 10 valued companies added Rs 84,559 crore in market valuation last...

US-China Tariff War, Earnings to Drive Markets...

Analysts predict market volatility due to US-China trade tensions and earnings releases...

Latur Investment Summit Attracts Rs 2,268 Cr MoUs

Latur, Maharashtra, witnessed a successful investment summit, attracting Rs 2,268 crore...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2025 Rediff.com